Truman Tolefree is Director of Acquisitions for Morgan Management LLC, a leading national developer, owner, and operator of institutional quality multifamily apartment communities, headquartered in Pittsford, NY. Truman has over 12 years of experience in real estate finance, acquisitions and development. His industry experience and expertise includes the development, acquisition and disposition of real estate assets and the procurement of project financing implemented through various mechanisms including, but not limited to, senior and subordinated debt, mezzanine financing, various federal and state tax credits and hybrid debt/equity instruments.
Prior to joining Morgan Management, Truman worked in the Real Estate Capital Markets Groups of LaSalle Bank and Prudential Financial (Chicago, IL) where he was responsible for originating and underwriting non-recourse debt collateralized by commercial real estate assets. Serving in this capacity, he conducted detailed valuation analyses for commercial real estate valued in excess of $1.0 billion. Prior to his experience at LaSalle and Prudential, Truman was a financial analyst in the Financial Institutions Group for the corporate finance division of UBS Investment Bank in New York, NY, where he worked directly on three lead-managed acquisition transactions valued in excess of $2.0 billion. His experience includes mergers and acquisitions, real estate financing, CMBS securitizations and real estate development, acquisitions and dispositions.
Truman holds a B.S. in finance from Morehouse College (with distinction), and an MBA from Cornell University’s Johnson Graduate School of Management with a concentration in corporate finance and a minor in real estate finance and development from the Cornell School of Hotel Administration. Truman resides with his wife, Erin, and two sons, Eric and Alex, in Victor, NY.
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